New Leadership for Renz
A group of private entrepreneurs has acquired the shares of the company Renz GmbH. Managing Director Michael Schubert belongs to the group of new shareholders and is also responsible for sales, marketing and development. Georg Saint-Denis takes over as CEO of the Renz group. The management team is expected to be completed in the coming months by a new CFO.
Renz is more than 100 year old, medium-sized family firm with approximately 300 employees, including 160 at its headquarters in Heubach, Germany. The firm specializes in the manufacturing of punching, binding and laminating systems and binding supplies for a range of applications from the office to the paper processing industry.
"I am delighted that we have found a group of experienced and active investors, with which a successful and sustainable development program is now possible for the group," notes Schubert. "The significant strength of equity is the basis for the restructuring of the company and opens up further growth potential for the Renz Group."
The outgoing majority shareholder of Renz GmbH, Peter Renz, had retired in 2012 from the operating business and remains in the group as a consultant and an advisory board member. "The investor participation begins a new era for the Renz company and also opens up significant growth opportunities that were unreachable for us to date. I am glad that I was able to lay those foundations for the further successful development of my life's work," comments Peter Renz.
The new shareholders of the Renz group specialize in long-term and active investments in medium-sized companies. The speciality is in particular the background of extensive management experience even where difficult corporate situations were managed and sustainable growth was generated.
CEO Georg Saint-Denis brings with him a long standing leadership position from the automotive supply industry with wide experience and modern management tools. “Renz is traditional but innovative company with an international focus offering the opportunity to implement our growth and value enhancement strategy. The aim of developing Renz to becoming the sustained market leader in its sector and industry" says Saint- Denis. "I have been very well received here by the staff and feel right from the beginning the great support and trust from all team members."